550 Credit Score FHA Purchase Loan Program

The Federal Housing Administration (FHA) has a number of purchase loan programs to help you become a home owner, and we can help find you the right loan program to suit your needs. There are lots of programs and options to choose from, but rest assured, that from start to finish, we know FHA and can get you the best loan for which you’re qualified. Since we are experts in FHA loans, you can be assured that we can make the process as smooth and efficient as possible.

-Credit scores as low as 550

-Debt to income ratio up to 43%

-Fixed rate, adjustable rate, and high balance loan options

-Only 10% down payment

-May be eligible for reduced wait times for bankruptcy and foreclosure

-Up to a 3% rebate of loan size to pay for closing costs and prepaid items

-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.

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About Us

Mortgage Only specializes in the purchase and refinancing of residential real estate, including owner occupied, secondary, and investment properties.

With a focus on excellent customer service, great attention to detail and a willingness to pursue all options available to each individual client, it is no wonder Mortgage Only has been in business for two decades, prospering through tough economic times.